Archer Daniels (ADM) Offering Possible 9.2% Return Over the Next 20 Calendar Days

Archer Daniels's most recent trend suggests a bearish bias. One trading opportunity on Archer Daniels is a Bear Call Spread using a strike $50.50 short call and a strike $60.00 long call offers a potential 9.2% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $50.50 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $8.70 would be incurred if the stock rose above the $60.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Archer Daniels is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Archer Daniels is bearish.

The RSI indicator is at 55.66 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Archer Daniels

Archer Daniels Midland (ADM) Q3 Earnings Beat Estimates
Thu, 29 Oct 2020 21:45:09 +0000
ADM (ADM) delivered earnings and revenue surprises of 25.35% and -9.87%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Recap: Archer-Daniels Midland Q3 Earnings
Thu, 29 Oct 2020 21:07:13 +0000
Shares of Archer-Daniels Midland (NYSE:ADM) moved lower by 3.45% in after-market trading after the company reported Q3 results.Quarterly Results Earnings per share increased 15.58% year over year to $0.89, which beat the estimate of $0.69.Revenue of $15,126,000,000 decreased by 9.57% year over year, which missed the estimate of $16,720,000,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.View more earnings on ADMRevenue guidance hasn't been issued by the company for now.Price Action Company's 52-week high was at $52.05Company's 52-week low was at $28.92Price action over last quarter: Up 15.13%Company Profile Archer Daniels Midland is a major processor of oilseeds, corn, wheat, and other agricultural commodities. Additionally, the company owns an extensive network of logistical assets to store and transport crops around the globe. Its end products include vegetable oil and meal, corn sweeteners, flour, feed ingredients, ethanol, and natural flavors.See more from Benzinga * Click here for options trades from Benzinga * Archer-Daniels Midland's Earnings: A Preview * Stocks That Hit 52-Week Highs On Friday(C) 2020 Benzinga does not provide investment advice. All rights reserved.

Archer Daniels beats profit estimates but revenue falls short
Thu, 29 Oct 2020 20:25:00 +0000
Ingredients company Archer Daniels Midland Co. beat earnings estimates for the third quarter, but revenue fell short of estimates during the pandemic. The company said it had net income of $225 million, or 40 cents a share, in the quarter, down sharply from $407 million, or 72 cents a share, in the year-earlier period. Adjusted per-share earnings that exclude a charge relating to early debt retirement and other one-time items, came to 9 cents, ahead of the 71 cents FactSet consensus. Revenue fell to $15.126 billion from $16.726 billion, below the FactSet consensus of $16.755 billion. Shares rose 0.6% in after-hours trading and have gained about 8% in the year to date, while the S7P 500 has gained 2.5%.

CORRECTED-Grain trader ADM reports 44% drop in quarterly profit
Thu, 29 Oct 2020 20:10:42 +0000

ADM Reports Third Quarter Earnings of $0.40 per Share, $0.89 per Share on an Adjusted Basis
Thu, 29 Oct 2020 20:05:00 +0000
ADM (NYSE: ADM) today reported financial results for the quarter ended September 30, 2020.

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